Woodward Diversified Capital LLC Sells 5,345 Shares of The Coca-Cola Company (NYSE:KO)

Woodward Diversified Capital LLC decreased its stake in shares of The Coca-Cola Company (NYSE:KO) by 49.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,573 shares of the company’s stock after selling 5,345 shares during the period. Woodward Diversified Capital LLC’s holdings in Coca-Cola were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KO. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Coca-Cola in the third quarter valued at about $338,000. CWM LLC raised its position in Coca-Cola by 9.4% in the 3rd quarter. CWM LLC now owns 434,719 shares of the company’s stock valued at $31,239,000 after buying an additional 37,483 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in Coca-Cola in the 3rd quarter valued at approximately $683,000. Worth Asset Management LLC bought a new stake in Coca-Cola in the 3rd quarter valued at approximately $205,000. Finally, Stolper Co boosted its position in Coca-Cola by 0.4% during the 3rd quarter. Stolper Co now owns 100,810 shares of the company’s stock worth $7,244,000 after acquiring an additional 355 shares during the last quarter. 70.26% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Stock Up 0.8 %

Shares of KO opened at $63.84 on Friday. The firm has a market cap of $275.03 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.90 and a current ratio of 1.06. The Coca-Cola Company has a 52 week low of $57.93 and a 52 week high of $73.53. The firm’s 50-day simple moving average is $62.54 and its 200 day simple moving average is $66.32.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KO shares. Truist Financial boosted their price objective on shares of Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price target on shares of Coca-Cola from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Piper Sandler reduced their price objective on shares of Coca-Cola from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, Barclays reduced their price target on Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

Coca-Cola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.